Pan-African rating agency Agusto & Co. has upgraded the ratings of Wema Bank to “A-” from “Bbb+” with a stable outlook. According to a statement on Thursday, the rating, which became effective on June 17, reflected the improving business risk profile of the lender. In the rating report, Agusto & Co. said, “Wema Bank’s profitability has shown marked...

Troops have intensified the crackdown on oil theft in the Niger Delta, dismantling nine makeshift refineries and seizing over 45,000 litres of stolen petroleum products in two weeks. According to Army spokesperson Lieutenant Colonel Danjuma Jonah Danjuma, 17 suspects were arrested in coordinated operations across Rivers, Delta, Bayelsa, and Akwa Ibom States. In Rivers, troops intercepted a...

The Nigerian Stock Exchange recorded a market value loss of N378bn as trading resumed after the holiday break. At the close of Tuesday’s session, a total of 646,636,912 shares were traded in 23,977 deals, amounting to a turnover of ₦18.84bn. Compared with the previous trading day last week, the day’s trading volume declined by 50 per cent, while turnover dropped by 42 per cent....

Pop sensation Jason Derulo is taking his chart-topping energy to Southeast Asia this June! The “Savage Love” hitmaker will light up Singapore for the very first time on June 25 at The Star Theatre, promising an electrifying performance fans won’t forget. Just three days later, Derulo hits the stage at the GAMA Music Racing Festival in Hanoi, Vietnam on June 28, bringing his...

Troops Kill Notorious Terrorist Kingpin Auta, Others in Zamfara Troops of Operation Fasan Yamma have killed a notorious terrorist kingpin, Auta, and several of his associates during a decisive military offensive in Zamfara State. The operation, carried out by the Mobile Strike Team (MST) on June 10 around Ƙunchin Kalgo town in Tsafe Local Government Area, also led to the elimination of...